Page 34 - REPORT ON THE EXECUTION OF THE CENTRAL AND LOCAL BUDGETS FOR 2022 AND ON THE DRAFT CENTRAL AND LOCAL BUDGETS FOR 2023

level under the guidance of central authorities, an increase of 2 billion yuan,
thereby supporting the development of regional hubs for innovation. We will
support universities, research institutes, and enterprises in fostering, recruiting,

and making best use of talent in all sectors, enhance support for young scientists,
and step up efforts to build global hubs for talent. We will work to increase

people’s knowledge of science.
We will facilitate the upgrading of the industrial structure. We will continue to
develop industries on the basis of advances in science and technology, and

facilitate efforts to improve the system for innovations in industrial science and
technology. We will allocate 13.3 billion yuan of special funds for rebuilding

industrial foundations and boosting high-quality development of the
manufacturing sector, a rise of 4.4 billion yuan, in an effort to support the

development of integrated circuits and other key sectors. We will implement
policies on tax, government procurement, and insurance compensation for newly

developed major technological equipment to support the transformation and
upgrading of traditional industries and the development of strategic emerging
industries such as next-generation information technology, high-end equipment,

and new materials. To accelerate the industrial application of scientific and
technological advances and patented technologies, we will improve the

management and operation of national funds for steering the application of these
advances, and support the development of a trading and service system for

intellectual property rights. We will look into ways of supporting the development
of “little giant” enterprises that apply special, sophisticated techniques to produce

unique and novel products, and increase support for SMEs that engage in
industrial chains of key strategic areas and in fundamental industrial sectors. We
will continue to advance trials for digital transformation of SMEs. We will work to

build our capacity for guaranteeing national strategic goods reserve and
appropriately expand our reserve in this regard. We will extend the exemption of

purchase tax on new-energy vehicles to popularize their use.
3) Further improving approaches to implementing policies to boost the

vitality of enterprises of all types
We will improve preferential tax and fee policies. In accordance with the principle

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